La-Z-Boy Incorporated (LZB) Stock Analysis & Winston Score

La-Z-Boy makes furniture for homes, most famously its recliner chairs. The company sells sofas, sectionals, ottomans, and other living room furniture under the La-Z-Boy brand, as well as through brands like Joybird and England. It sells to everyday consumers who buy furniture for their homes, making it one of the most recognized furniture brand names in the United States. La-Z-Boy earns money by manufacturing and selling furniture through its own retail stores, independent dealers, and its website. It operates roughly 350 company-owned stores across North America and also sells wholesale to third-party retailers. The La-Z-Boy brand name gives it some consumer recognition, but furniture is a competitive, price-sensitive market with little switching cost for buyers. The biggest risk the company faces is that consumers tend to delay big furniture purchases when the economy slows or when housing market activity drops, making sales sensitive to economic conditions.